BCT Governor Predicts Growth Rate of About Three Percent in 2014

Governor of Tunisia’s Central Bank (BCT) Chedly Ayari predicted a growth rate of about 3% in 2014 against 2.6% in the previous year.

A recent World Bank Report on Global Economic Prospects said Tunisia would achieve a growth rate of nearly 2.5% in 2015.

In a statement to TAP, on the sidelines of his participation in the Tunisia-Gulf Investment Forum, Ayari said though this rate is acceptable, it is insufficient to meet job demands.

Achieving such rate (3%) is not that easy given the difficult situation experienced by the country, noted Ayari, adding that the current economic situation remains very difficult due to the lack of liquidity.

“However, we cannot talk about bankruptcy of the state, because only companies go bankrupt,” he indicated.

“The government has started a rational spending rather than an austerity policy,” stressed Ayari, calling on all Tunisians to show initiative to produce and create wealth.

This difficult situation in public finance will continue until the end of 2015, he noted.

Regarding growth in the first quarter of 2014, Ayari said it can be set only after all data are collected (mid-May), stressing that all economic indicators in January and February were flashing red, though an improvement was recorded in March 2014.

Source : Tunis Afrique Presse